1 valve

"Lets not" what?

Putting to one side the understandable sentiment and connection with fans and the wider supporters of the sport, if since the last statement was put out there's not a lot to be said, if nothing has materially changed. it would be fair to presume CL is not hiding behind anything like a corporate wall and as he always has been, will be sympathetic to the views of fans wanting to know more. So lets just wait and see what if anything transpires over the next week.

At least we’ve got fan interest in Ipswich 😉

At least we’ve got fan interest in Ipswich 😉

I don't recall the then Chelsea owner saying much at all.

I agree Chris has made a rod for his own back by making the statement he did which led people to believe something was close to being finalised. However by the lack of further updates it would appear the matter has not been resolved in the indicated timescale. So for now there is nothing to report...But that does not mean that "its all gone T!ts up" just that for now there is nothing to report...one way or another. Folk may have there own opinions what no news means, and looking through this thread there's plenty of opinions on that front as well as what CL plans could/should/will be. As often stated on this forum we are all entitled to our opinions....But eventually, there will be only one decision made and that will be the one made by Chris himself. - And frankly, whatever that decision is, anything else said in the meantime would just fuel the fires of speculation and indeed may be prejudicial to any ongoing plans or negotiations.

Dammed if he does, dammed if he doesn’t. Frankly the most appropriate statement would/should be “No further updates will be issued until there is something in place to report”. Until that point. No news is indeed….no news.

Interesting conundrum. Definitely not attending as a director of BSPL. Fair to assume he could as a shareholder being the promoter of Ipswich. Not sure if that remains the case if he doesn't declare an intention to run in 2026 and license put on ice?

At least there still appears to be an actual base for a speedway track at Newcastle. One would need to be created at Sunderland & Nottingham stadiums, the latter not made easy by an apparent pond in situ on what would be the middle of bends 3&4.

Yes less tax is paid but ultimately the net profit (after tax) is also less because of the loss making company. In simple terms its actually good for a company to be paying tax (after correctly taking into account all of the available allowances) because that translates into a measurement of success.

You are correct. If company X makes a profit of 100 and company Z loses 50 then a person owning both companies would be worse off than if he only owned company X. He also doesn't get to offset the total loss of 50 in his tax return only the taxable value. So say he is due to pay 35% on his 100 profit i.e 35 he would be able to offset his loss of 50 x.35 = 17.50 giving a final tax calculation of 35 - 17.5 meaning he would pay only 17.5 instead of 35. So If he had one company that made 100 profit, after tax he would make 65 net. If he owned to companies, one making 100 and one losing 50 he would make 32.50 net Also worth considering that if a person owns two companies then they must be declared in the eyes of the taxman as being a part of a holding group or that a single person owns both.

For the majority of races didn’t he have Max F as his partner?

For the majority of races didn’t he have Max F as his partner?

Legally they are obliged to given a current contract/license exists.

As Ipswich trade at a profit the initial asking price would be based on the value of that profit with any interest and tax paid added back. This provides an Ebit (Earnings before interest & tax) figure which a multiplier is used to create a selling price. Example an Ebit of 10 with a multiplier of 6 would give a sales price of 60. Goodwill would be the difference between asset value and the sales price. Then comes negotiations where future forecasts and opinion on the likelihood of the business delivering same, higher or lower earnings in years to come. It’s fair to say that with Speedway being in an apparent perilous state, potential buyers would be looking at a possible purchase with a high level of risk attached thus a lower offer (valuation of goodwill) could be expected.

This question has been answered numerous times, not only in this particular thread but also in similar topics within the forum. In short a buyer would be purchasing the assets & goodwill to run speedway in Ipswich.

Because the lack of a license issued by the BSPL as one is already issued and owned by Ipswich speedway promotions Ltd - director Chris Louis.

If he chooses not to run in 2026 then the company he is selling will be liable for the contracted rent of the stadium. A good indication of what that cost would be is to allocate a significant portion of what is stated in the 2024 accounts as due to creditors within one year. so something between £30k/£50k. It is highly unlikely that there is not already a rental agreement in place for 2026 in which case should Chris choose not to run in 2026 if faces the decision of either paying the lease/rent or putting the company into receivership. The consequence being two fold. 1. No business to sell and 2. The need for a new promoter to start up a new speedway club. Maybe there is a mid-ground to this but nothing really favors Chris deciding the Witches sit out 2026.

Yes it works so long as the riders involved are not contracted to clubs in Sweden & Denmark (Tues & Wed) & Poland (Fri Sat & Sunday) in which case those clubs have first call on the riders concerned.

Yes it works so long as the riders involved are not contracted to clubs in Sweden & Denmark (Tues & Wed) & Poland (Fri Sat & Sunday) in which case those clubs have first call on the riders concerned.

All being well the campaigners and Rugby council will use the argument that the stadium will be needed for both speedway & stox the latter who require a significant pits area far greater than speedway Combine that with car parking requirements and there is absolutely no space for 100+ houses (50x2semi detached being the smallest option)

Very good overview and the point re planning for 2027 beginning now totally relevant.

Wanting something and accepting something are two entirely different concepts. For now the majority of fans of clubs are accepting the latter in the hope that something will be (is being) done to make things more desirable in the near future.

By all accounts they're pretty much that already. So yes, you're absolutely spot on!